From Rambus Weekend Report

“Since this coming Wednesday is the last trading day for the month of July I plan to update all the trades in the PM stock and Kamikaze portfolios so we can see how they did over the last 31 days. In a strong impulse move it’s the monthly charts that are the most important time frame to keep track of. As the impulse move matures then the shorter term daily charts will come into play when we will start looking for some type of reversal pattern to form”

“In this weeks, Weekend Report, I would like to focus in on some charts for the stock markets which are suggesting the possible next impulse leg up in the 2009 bull market is getting underway. I know how hard it is for most members to even conceive of the next impulse move in the stock markets is even possible based on all the fundamental reasons it has to crash and burn. If one understands the psychology during a bull market that has been ongoing for 10 years now, there has to be many doubters along the way who refuse to acknowledge the greatest bull market of all time ever existed.

I can post a hundred bullish charts for the SPX for instance, but most investors will look at the fundamentals to draw their own bearish conclusions. The fundamentals are so engrained in investors minds they can’t see the forest for the trees. They look at interest rates, the US dollar, PE ratios, how overbought the market is, how the US deficit can’t be sustained and is going to crash the markets at any moment and of course minipulation. I could go on but during each consolidation phase since the 2009 bull market began the exact same fundamentals are put forth on why the stock markets can’t keep going up but they do, rinse and repeat. The trend is your friend.

It’s pretty rare that I’m invested in both the US stock markets and the PM complex at the same time, but that is what the charts are suggesting regardless of what most believe. As long as the correlation remains intact I plan to take advantage of the situation until something changes. With the 3 X leveraged etf’s we now have available to us for trading the US markets and different sectors within the US markets, they can match some of the gains we’ll see in the PM sector when the new impulse move in the Stock markets gets going in earnest. I wish we had some of the 3 X etf’s back in the 1990’s as the percentage gains we had into Y2K would have been literally off the charts.”

Both the SPX and gold are moving up together since the 2016 low”

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https://rambus1.com/

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One more snip

“This last chart for the mechanical 21 month Trend Follower chart shows the price action from 1995 to 2005. I know many of the younger members weren’t trading the stock markets during the great bull market that ended in 2000, but for those that did wouldn’t you have liked to have a chart like the one below to show you when you should have gotten out? For this 10 year period there were no whipsaw only well placed buy and sell signals.

I know from first hand experience that when the sell signal was given in November of 2000, when the SPX closed below the 21 month sma, it took every bit of discipline you could muster to pull the trigger. That marked the end of the greatest bull market up to that point in history and emotions were running high with bullish projections of a new paradigm was now in place and stocks had much further to rally. It is a totally different world when one is trading in real time during the last gasp of a secular bull market as no one wants to leave the party.

My dad who grew up during the Great Depression and I would have great debates about the direction of the stock markets during the bubble phase, he was always the bear and I was always the bull similar to what we are seeing today with many members. He could never understand how the stock markets could keep going up when all the fundamentals were so negative. He was eventually proven right but not until after he missed the greatest bull market in history that ended in 2000.”